U.S stocks ended this period on a higher note, as promise for the coronavirus vaccine buoyed markets. Yet the early optimism faded slightly by the end of the holiday-shortened period as the optimism about the latest US jobs data was hardened by concerns of repeating this could be delayed, as well as the ongoing virus spread.

 

U.S stock futures clung to their profits at the end of Thursday after the stronger-than-expected employment report confirmed the labor industry’s rapid improvement in the end of the second quarter. U.S. stock markets will be closed Friday for the Fourth of July celebrations of Independence Day. The S&P 500 grew 0.5% to 3,130. The Dow Jones Industrial Average advanced 92 points, or 0.4%, to close at 25,827. The Nasdaq Composite advanced 0.5% to 10,208, booking its second straight record close. The U.S brought 4.8 million jobs in June compared with the expected growth of 3.7 million and the unemployment rate dropped for the second consecutive month to 11.1%. However, analysts are concerned that revival of current coronavirus cases across the U.S would take back more improvements in the wider U.S economy.

 

The economy has been roaring back under President Trump. The stock market has hit record high after record high, helping more Americans build property and secure their futures. This perspective has gained ground with high-frequency information to reopen the world's economy. 

 

Analysts have shown how the rapidly growing viral count is keeping American’s indoors, a factor that could change the U.S. return to standard.